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Freshpet Inc: 52-Week High Recently Eclipsed (FRPT)

By Amy Schwartz

Freshpet Inc (NASDAQ:FRPT) traded today at a new 52-week high of $50.65. So far today approximately 147,000 shares have been exchanged, as compared to an average 30-day volume of 286,000 shares.

Freshpet Inc share prices have moved between a 52-week high of $50.65 and a 52-week low of $15.67 and are now trading 223% above that low price at $50.65 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.5%.

Freshpet, Inc. provides fresh, natural food choices to help improve the lives of dogs and cats. The Company also owns and operates Freshpet Kitchens and Freshpet Fridges. Freshpet retailers are located across North America.

Freshpet Inc (NASDAQ:FRPT) is currently priced 58.3% above its average consensus analyst price target of $21.14. The stock should find initial support at its 50-day moving average (MA) of $45.56 and further support at its 200-day MA of $38.97.

SmarTrend recommended that subscribers consider buying shares of Freshpet Inc on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.83. Since that recommendation, shares of Freshpet Inc have risen 41.7%. We continue to monitor FRPT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows freshpet inc

Ticker(s): FRPT